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Reply to "Medical malpractice settlement question"
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[quote=Anonymous]I am about to get a settlement for a medical malpractice lawsuit (close to $1 mil). Single parent with twins (19). I will be discussing in more detail with a Financial Planner but wanted to go prepared with my own research. I understand the amount will not be taxed. Should I receive the money in just my name or split across all three of us (or just the kids)? Pros and cons of that? Is that even possible (I'm the plaintiff)? My current NW is about $5M and I want to make sure eventual inheritance taxes are minimized for the kids. [/quote]
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